20demayo Chapter 557 Achieving Twice the Result with Half the Effort!
Chapter 557 Achieving Twice the Result with Half the Effort!
However, accumulating wealth through speculation and making easy money is ultimately unstable. Without a core industry that can sustainably generate revenue as a pillar, the collapse of the capital chain is only a matter of time.
Later, he saw follow-up reports about Mu Qizhong's company in the newspapers.
In order to alleviate financial pressure, the company was forced to sell its $44.4 million worth of equity for a mere $14.5 million, almost a 30% discount. In just three years, it lost as much as 250 million RMB on the "satellite launch" project alone.
This was in the 1990s, an astronomical figure.
Even more critically, in order to fill the gap and obtain loans from banks, the company fabricated false import records and forged documents, fraudulently obtaining tens of millions of dollars in loans. When the truth finally came out, it was classified as letter of credit fraud.
This time, unlike the previous two times, people didn't just go in and spend a few years before being released.
The final verdict was life imprisonment and deprivation of political rights for life.
The former "richest man" and business prodigy spent his remaining years in prison, a truly lamentable end.
So, since he had run into this Boss Mou earlier this time, and had the connection with Ning Wei, he thought he might try to guide him and give him some pointers, so that this guy could curb his overly "wild and unrealistic" ideas and focus his energy on down-to-earth business.
The best outcome would be to avoid repeating the same mistakes.
The lunch lasted for more than two hours. The food was barely touched, but several pots of tea were drunk. The conversation ranged from all over the world. When it was over, Ning Wei and Mu Qizhong left first. He was about to leave when Gao Cheng called him back.
Gao Cheng was dressed in a sharp suit, his leather shoes were polished to a shine, and he looked radiant and full of energy.
Zhong Yuemin joked:
"Brother Cheng, you look great! You're all smiles. Are you getting married soon? Hehe!"
"I'm so busy all day, I don't have time to look for a partner," Gao Cheng laughed, rubbing his hands together.
"Here's the thing, Yuemin, I want to discuss something with you."
"You said."
"Didn't you mention to us last time that you were planning to start a chain of restaurants?"
Gao Chengdao,
"Old Ma and I have been busy these past few days, scouting locations everywhere. Our hard work has paid off, and we've actually found a great spot in Wangfujing, Dongcheng District!"
He became more and more excited as he spoke:
"The foot traffic is unbeatable! The area is also quite large, three whole floors, totaling two or three thousand square meters. We've visited it several times, and the more we look at it, the more we think it's perfect. If you have time, why don't you go and see it for yourself?"
Seeing his enthusiastic and expectant expression, Zhong Yuemin couldn't help but smile:
"Brother Cheng, last time when I talked to you about the chain store plan, you two were still hesitant, worrying about this and that. How come, it's only been a few days, and your awareness has improved so quickly? You're suddenly so enthusiastic again?"
"Business is booming!"
Gao Cheng pointed to the bustling lobby and the private rooms upstairs, "Look at the customer flow in this restaurant, it's almost always packed. Who doesn't want more money? I thought about what you said before for a long time, and I think it makes sense. Since there's an opportunity to expand, why not do it?"
Zhong Yuemin nodded and made the decision immediately:
"I won't go take a look. You've already inspected the location and think it's suitable, so just buy it directly, then hurry up with the renovations and open for business as soon as possible."
"Buy...buy?"
Gao Cheng was stunned for a moment, clearly not expecting this plan.
"What we're thinking is to rent it first and see how it goes. Buying it would cost a lot of money, wouldn't it? It's not cheap, is it?"
"You're doing this,"
Zhong Yuemin said,
“If they’re willing to sell, we’ll just buy it. If that doesn’t work, we can consider renting it out. Don’t worry, housing prices will only get higher every year. You definitely won’t lose money if you buy it. Don’t worry about the money, I’ll cover it. You won’t be shortchanged on your share.”
"This……"
Gao Cheng rubbed his hands together somewhat embarrassedly.
"Yuemin, this is so embarrassing. We didn't contribute anything, we just got something for free, and we're taking such a big advantage..."
Zhong Yuemin waved his hand to interrupt him:
"As for me, I'm just a hands-off manager. The operation of the restaurant is entirely up to you and Lao Ma. Giving you a share is called equity incentive, which you deserve. If the restaurant does well and earns more, I will also earn more. It's not about who takes advantage of whom; it's a win-win situation."
Gao Cheng scratched his head, then suddenly chuckled, leaned closer, and lowered his voice:
"Yuemin, I understand... You're only taking care of me because of my sister. Don't worry, I'll have my sister thank you properly later..."
"Stop!"
Zhong Yuemin immediately raised his hand to stop him, his face serious.
"This has nothing to do with your sister, it's purely a business matter." That was the truth; he hadn't thought of anything else.
"I understand, I understand, you don't need to explain..." Gao Cheng winked at him with an expression that said "I know everything".
"No, what do you know..."
Just then, a guest called out "Manager Gao." Gao Cheng responded with a smile and turned to greet him, leaving Zhong Yuemin standing there, rubbing his nose with a rather helpless expression.
Judging from Gao Cheng's eyes and expression, he has probably already imagined him as someone who "has his eye on that girl".
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In the office of Jianlibao Beverage Factory, Qian Zhimin, Zhao Dayong, and several others were sitting around a tea table, the tea steaming, the atmosphere relaxed.
Zhao Dayong, holding his teacup, gave Zhong Yuemin a thumbs-up with an expression of complete admiration.
"Yuemin, you're really something. You have no idea how much we've been doing these past few days, trying to 'serve' those engineers that little brat sent. We've been smiling obsequiously, saying all the nice things, treating them to meals every day, taking them to nightclubs every day—we're practically serving them foot baths! Finally, we managed to get one of them to agree to teach us something real..."
He sighed, looking utterly defeated.
"And what happened? Miss Meichuan, who's in charge, saw everything clearly. We felt like we'd been made a fool of. We'd worked for nothing, spent money, owed favors, and got nothing in return."
"And look at you. You don't make a move until you do, and then you win over that beautiful vice president. Not only did you secure the funding, but she also offered to teach us all her repair techniques. That's what you call getting twice the result with half the effort!
"If we had known this would happen, why did we bother with all this? We could have just asked you to come out of retirement!"
Qian Zhimin, standing to the side, also joined in the commotion, winking and making faces:
"Yuemin, it seems your 'womanizing' skills haven't diminished at all. Back in Beijing, you were the undisputed number one expert in our circle. More than a decade has passed, and your skills have not only not declined, but have become even more refined and unparalleled. I admire you!"
The old buddies chatted amongst themselves, and the office was filled with laughter.